Wednesday, October 23, 2013

September 2013 Residential Construction Activity - Vancouver CMA

Below are CMHC starts, completions and under construction for Vancouver CMA to September 2013. Starts and completions are displayed as 12 month sums:
The first graph below is completed but unabsorbed inventory for single and semi detached properties, the second graph is showing the sum of single and semi detached under construction and completed but unabsorbed, which provides a proxy for near-term inventory of new properties of that type. (Single and semi-detached typically have construction cycle of less than a year.)
By the unabsorbed plus under construction measure, single and semi detached inventory has been at a level unseen since the early 1990s since early 2013.

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